Turkey: Citizens face housing crisis as rents soar amid 25-year-high inflation |
![]() |
Turkish citizens are facing a housing crisis as rents soar and the country is reporting 85.5 percent annual inflation rate.
Some are left unable to pay their rent, while landlords complain about not being able to increase rents fast enough to keep up with inflation. Although legally landlords are facing a cap of how much they can increase rent prices, they find loopholes to evict tenants paying rents below the market price. Turkey’s minimum wage was increased by 50 percent at the end of 2021 and 30 percent halfway through 2022. But the country’s inflation rate has kept rising, and many citizens feel that they have lost buying power as a result, locking them out of goods and services that they once had access to. Subscribe to our channel: http://ow.ly/AVlW30n1OWH Middle East Eye Website: https://middleeasteye.net Follow us on TikTok: https://www.tiktok.com/@middleeasteye Follow us on Instagram: https://instagram.com/MiddleEastEye Like us on Facebook: https://facebook.com/MiddleEastEye Follow us on Twitter: https://twitter.com/MiddleEastEye |